SunPower Expects FY16 GAAP Net Loss Between $415 Mln And $365 Mln - Quick Facts

(RTTNews) - SunPower Corp. (SPWR) announced, for fiscal 2016, the company expects non-GAAP revenue of $3.3 billion to $3.5 billion, gross margin of 13 percent to 15 percent, EBITDA of $515 million to $565 million, capital expenditures of $210 million to $240 million and gigawatts (GW) deployed in the range of 1.7 GW to 2.0 GW.

On a GAAP basis, the company expects revenue of $1.2 billion to $1.4 billion, gross margin of 16 percent to 18 percent and net loss of $415 million to $365 million. The company noted that its fiscal 2016 financial guidance reflects the impact of planned project sales to 8point3 Energy Partners. On a GAAP basis, the company expects revenue and gross margin from the sale of these projects to be deferred beyond 2016.